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Targa Resources Corp. (TRGP)

Stock Price: $19.73 USD 0.94 (5.00%)
Updated Aug 4, 2020 4:00 PM EDT - Market closed

Stock Price Chart

Key Info

Market Cap 4.60B
Revenue (ttm) 8.42B
Net Income (ttm) -1.91B
Shares Out 233.12M
EPS (ttm) -8.75
PE Ratio n/a
Forward PE 60.61
Dividend $0.40
Dividend Yield 2.03%

Stock Quote

Trading Day Aug 4, 2020
Last Price $19.73
Previous Close $18.79
Change ($) 0.94
Change (%) 5.00%
Day's Open 18.74
Day's Range 18.72 - 19.86
Day's Volume 1,910,490
52-Week Range 3.66 - 43.47

More Stats

Market Cap 4.60B
Enterprise Value 12.14B
Earnings Date (est) Aug 6, 2020
Ex-Dividend Date Jul 30, 2020
Shares Outstanding 233.12M
Float 228.16M
EPS (basic) -8.74
EPS (diluted) -8.75
FCF / Share -3.18
Dividend $0.40
Dividend Yield 2.03%
Earnings Yield n/a
FCF Yield n/a
Payout Ratio n/a
Shares Short 4.41M
Short Ratio 1.35
Short % of Float 1.92%
Beta 3.21
PE Ratio n/a
Forward PE 60.61
P/FCF Ratio n/a
PS Ratio 0.55
PB Ratio 1.41
Revenue 8.42B
Operating Income -1.95B
Net Income -1.91B
Free Cash Flow -741.90M
Net Cash -7.55B
Net Cash / Share -32.37
Gross Margin 30.31%
Operating Margin -23.11%
Profit Margin -24.20%
FCF Margin -8.81%
ROA 3.02%
ROE -24.62%
ROIC -8.80%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (21)

Buy 6
Overweight 1
Hold 12
Underweight 0
Sell 2

Analyst Consensus: Overweight

Price Target

$21.65*
(9.73% upside)
Low
13.0
Current: $19.73
High
28.0
Target: 21.65
*Average 12-month price target from 20 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue8,67110,4848,8156,6916,6598,6176,3155,6796,9955,476
Revenue Growth-17.29%18.93%31.74%0.49%-22.72%36.45%11.19%-18.81%27.73%-
Gross Profit1,7601,5241,2861,2141,2811,137801694668521
Operating Income193238-12255.80159641368336351196
Net Income-2091.6054.00-18758.3010265.1038.1030.70-15.00
Shares Outstanding23322420715453.5042.0041.6041.0041.006.50
Earnings Per Share-1.44-0.53-0.31-1.801.092.431.550.910.74-30.94
EPS Growth-----55.14%56.77%70.33%22.97%--
Dividend Per Share3.643.643.643.643.392.682.061.520.93-
Dividend Growth0%0%0%7.37%26.35%30.24%35.53%63.44%--
Operating Cash Flow1,3901,1449408371,035762383428379205
Capital Expenditures-2,878-3,115-1,298-562-817-762-1,014-583-332-139
Free Cash Flow-1,488-1,971-358275218-0.40-631-15547.4065.90
Cash & Equivalents33123213773.5014081.0066.7076.30146188
Total Debt7,8226,6605,0534,8815,9383,0682,9892,4751,5671,535
Net Cash / Debt-7,491-6,428-4,916-4,808-5,798-2,987-2,923-2,399-1,421-1,346
Assets18,81516,93814,38912,87113,2116,4536,0495,1053,8313,394
Liabilities10,3729,4677,6337,1476,9613,9143,9573,3522,5002,358
Book Value4,9216,0796,1605,2491,461170149144158144
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Targa Resources Corp.
Country United States
Employees 2,680
CEO Matthew J. Meloy

Stock Information

Ticker Symbol TRGP
Stock Exchange New York Stock Exchange
Sector Energy
Industry Oil & Gas Midstream
Unique Identifier NYSE: TRGP
IPO Date December 7, 2010

Description

Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of midstream energy assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company engages in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; gathering, storing, terminaling, and selling crude oil; and storing, terminaling, and selling refined petroleum products. It is also involved in the purchase and resale of NGL products; and wholesale of propane, as well as provision of related logistics services to multi-state retailers, independent retailers, and other end-users. In addition, the company offers NGL balancing services; and transportation services to refineries and petrochemical companies in the Gulf Coast area, as well as purchases, markets, and resells natural gas. It operates approximately 28,900 miles of natural gas pipelines, including 46 owned and operated processing plants; and owns or operates a total of 34 storage wells with a gross storage capacity of approximately 72 million barrels. As of December 31, 2019, the company leased and managed approximately 698 railcars; 138 transport tractors; and 2 company-owned pressurized NGL barges. Targa Resources Corp. was founded in 2005 and is headquartered in Houston, Texas.